![](https://www.pymnts.com/wp-content/uploads/2017/08/foto_22052017172605-e1632235152288.jpg)
Brazil’s antitrust authority Cade announced that it approved Itaú Unibanco’s acquisition of Citigroup’s retail banking and insurance assets in the country.
The deal was cleared on the condition that Cade and Itaú Unibanco would sign an agreement limiting mergers.
The accord would forbid Itaú from acquiring other financial institutions for 30 months after its signing, the board of Cade said in a public session.
In a statement, Cade said that the 30-month ban does not apply to Itau’s planned purchase of a stake in brokerage XP Investimentos SA, which is already under analysis by the antitrust watchdog.
Full Content: Globo
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Canadian Breadmakers Settle Price-Fixing Lawsuit
Jul 25, 2024 by
CPI
EssilorLuxottica Open to Meta as Shareholder, Says CEO Francesco Milleri
Jul 25, 2024 by
CPI
California Supreme Court Upholds Proposition 22, Securing Independent Contractor Status for Uber and Lyft Drivers
Jul 25, 2024 by
CPI
Paramount Global Investor Sues to Block Skydance Media Merger
Jul 25, 2024 by
CPI
Software Vendors Win Class Action Status in Antitrust Case Against CDK Global
Jul 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI